Forget aspiring to be a tech unicorn. Grubhub has entered “decacorn” territory.
Wall Street was pleased with Grubhub (NYSE: GRUB) Wednesday after the company posted solid second quarter earnings results, beating estimates on both revenue and EPS.
The Chicago food delivery company did $240 million in revenue last quarter, up more than 50 percent from the same time last year. It processed $1.2 billion in gross food sales last quarter, and saw an average of more than 423,000 orders per day.
